ADA Fails To Move
With the Cardano Vasil hard fork drawing closer, investors have been expecting the kind of market run-up that preceded the Ethereum Merge. However, the price of ADA has not been responding in the same way since it continues to trend low.
The digital asset has suffered various dips during this time that has brought it down to $0.44 during this time. Even with the news of the hard fork and a definite date for the upgrade, there has been no significant increase in the price of the digital asset. Instead, ADA has succumbed to the general market trend and has remained in the red over this time.
Cardano Hard Fork Coming Up
The Vasil hard fork is scheduled for September 22nd, and Cardano founder Charles Hoskinson has assured the community that everything is going as planned. The founder said this in a that garnered more than 44,000 viewers, where he explained that the hard fork had actually been triggered.
This shows that the requirements for the Merge to begin have been fulfilled, and the hard fork is ready to be carried out. The developer behind the Cardano network, IOG, has also dropped statements that speak to the readiness of the network for the upgrade. IOG that the completion of the upgrade would make the network more developer friendly. Higher functionality, performance, and scalability are expected following the upgrade. The Vasil hard fork is now the most anticipated upgrade in the crypto space.Featured image from CNBCTV18, chart from TradingView.com
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